British American Tobacco (NYSE:BTI) Upgraded at UBS Group

UBS Group upgraded shares of British American Tobacco (NYSE:BTI) from a neutral rating to a buy rating in a report released on Monday, MarketBeat Ratings reports.

A number of other brokerages have also weighed in on BTI. Morgan Stanley lowered British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 target price for the company. in a research report on Thursday, October 3rd. Barclays upgraded shares of British American Tobacco to a “strong-buy” rating in a report on Thursday, October 17th. Finally, StockNews.com lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th.

British American Tobacco Price Performance

Shares of NYSE:BTI opened at $39.25 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. The firm’s 50 day simple moving average is $37.01 and its 200-day simple moving average is $36.34. British American Tobacco has a one year low of $28.25 and a one year high of $39.70.

Hedge Funds Weigh In On British American Tobacco

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. grew its position in shares of British American Tobacco by 35.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 207,724 shares of the company’s stock worth $7,599,000 after buying an additional 54,555 shares during the last quarter. SG Americas Securities LLC grew its holdings in British American Tobacco by 45.3% in the fourth quarter. SG Americas Securities LLC now owns 46,286 shares of the company’s stock worth $1,681,000 after purchasing an additional 14,432 shares during the last quarter. Bank of Montreal Can increased its position in shares of British American Tobacco by 26.2% during the second quarter. Bank of Montreal Can now owns 113,811 shares of the company’s stock worth $3,658,000 after purchasing an additional 23,626 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of British American Tobacco by 25.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 131,871 shares of the company’s stock worth $4,824,000 after purchasing an additional 26,863 shares in the last quarter. Finally, Cerity Partners LLC grew its stake in British American Tobacco by 89.6% during the 3rd quarter. Cerity Partners LLC now owns 66,130 shares of the company’s stock worth $2,419,000 after buying an additional 31,250 shares during the last quarter. Hedge funds and other institutional investors own 16.16% of the company’s stock.

British American Tobacco Company Profile

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.